ThomasM125
Expert Alumni

Investors & landlords

You need to classify the property based on what it is. The bath renovation would be an Improvement and the HVAC would be Residential Rental Real Estate Property and then Appliances, Carpet and Furniture.

 

To report the sale of the assets, you would edit each one and when you see the screen Tell Us More About This Asset you will indicate that The item was sold, stolen, disposed of, etc... As you work through that section, you will have an opportunity to enter the portion of the sales proceeds that apply to the asset.

 

 

 

 

 

 

 

 

 

 

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"